30th Apr 2018 12:18
LONDON (Alliance News) - Graphene maker Versarien PLC said Monday it signed a deal to develop a polymer UK supply chain to produce graphene-enhanced plastics with Luxus Ltd.
Versarien signed the deal with thermoplastics firm Luxus which supplies to the automotive, packaging, civil engineering and other sectors. The collaboration would see Versarien's technology being used to enhance the mechanical strength - amongst other properties - of plastics for various industrial uses.
"We are delighted to have signed this agreement with Luxus. We look forward to working with Luxus to ensure that a viable UK supply chain is established for the production of thermoplastics enhanced with Versarien's high quality graphene," Versarien Chief Executive Officer Neill Ricketts said.
"The signing of this agreement is an important step in the commercialisation of graphene enhanced plastics," Ricketts added. "We are seeing strong interest from a variety of sectors in utilising the materials we are developing with WMG. Being able to produce these graphene enhanced plastics in commercial volumes will enable them to be more rapidly adopted for use in a wide variety of applications."
Shares in Versarien were 6.3% higher at 78.11 pence on Monday.
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